When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus…
Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.The world's second-biggest economy has seen business…
The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…
Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…
DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the UAE-owned port behemoth’s parent company, Port and Free Zone World, has offered to buy the 19…
The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors…
German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives.The companies…
Dutch shipbuilding giant Damen Group said that its Damen Shipyards Sharjah (DSS) in the United Arab Emirates held a keel-laying ceremony for a new landing craft (LST 100) ordered by the Nigerian Navy.A press release from Damen said on February 17…
Lindblad Expeditions’ National Geographic Endurance successfully completed its first sea trials in Storfjorden, the entrance to Norway’s Geirangerfjord.The next-generation expedition ship is a purpose-built for polar navigation and the first polar new build for Lindblad Expeditions…
European technology giant Wärtsilä will be supplying hybrid scrubber system packages for Norwegian Cruise Line's (NCL) Norwegian Breakaway and Norwegian Getaway.According to a press note from Wärtsilä, the scrubber systems have been ‘specially…
George Raymond Duclos, age 86, died peacefully on February 15, 2020 surrounded by his family. The son of the late Raymond and Albertine (Bertha Chenard) Duclos. Born in 1933 in Fall River, MA, George spent most of his life in Westport, MA spending…
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing…
ForSea (formerly HH Ferries Group), the operator linking Denmark and Sweden via Helsingør and Helsingborg, announced that Chief Executive Officer (CEO) Johan Röstinwill be stepping down from his position.“It has been a privilege to lead ForSea for almost three years…
APM Terminals said that its new deep-sea container terminal, Vado Gateway terminal, located in Vado Ligure, Italy, received its first commercial service on 11 February 2020.The ship, M/V Maersk Kota, was the first of seven ships from Maersk’s weekly ME2 service…
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has achieved targets for the year as the revenue and operating result (EBIT) increase with moderate increase in container throughput and significant rise in transport volume…